Public vs Private sector Public and private sector companies are required to produce goods and deliver them to the general public. The state like nature or the private nature of the businesses set the two apart. The laws by which they are governed though stay the same in a few cases; in other cases the […]
Difference Between Open Mortgage and Closed Mortgage
Open Mortgage vs Closed Mortgage Open mortgage and closed mortgage differ in the method of payment. Open mortgage is flexible, not time-bound and charged at low interest rates whereas, closed mortgage is bounded by time, high interest rates and you can pay off your mortgage only by selling the property. Open mortgage and closed mortgage […]
Difference Between CV (Curriculum vitae) and Resume
Key Difference – CV (Curriculum vitae) vs Resume Curriculum vitae (CV) or a resume are the first steps in applying for employment along with the application between which a key difference can be discerned. However, both are important tools in job selection and recruitment. Both provide information about the job seeker to the employer. […]
Difference Between PayPal and Credit Card
PayPal vs Credit Card PayPal and credit card serve as the electronic alternative to traditional money transaction methods such as cheques and money orders. PayPal is an online payment service that offers increased security for online transactions. A credit card is like electronic money, you can purchase products or services without cash and to pay […]
Difference Between Copyright and Patent
Copyright vs Patent Since, in this commercialized world, protecting one’s intellectual property needs to be done very carefully, getting to know the difference between copyright and patent has become very important. To protect the exclusive rights of authors and inventors for their creative work either writing or inventions, copyrights and patent have been applied. […]
Difference Between Administration and Management
The key difference between administration and management is that administration is the science of determining the policies and objectives of an organization or a firm, whereas management is the act of putting into practice the policies and objectives framed by the administration. Administration and management are two common words in the world of organizational dynamics. […]
Difference between Whole Life Insurance and Term Life Insurance
Whole Life Insurance vs Term Life Insurance It is important to know the difference between whole life insurance and term life insurance policies. One thing is for sure. Insurance has got so much to do with the word ‘term’. You prefer to take a policy or an insurance plan for a particular period of time, […]
Difference Between IRA and 401k
The key difference between IRA and 401k is that IRA is planned by the employee, whereas, 401k is planned by the employer. IRA and 401k are two retirement plans that come under the tax law of the United States. Although both are retirement plans, they have some differences between them. In this article, we refer to the […]
Difference Between APR (Annual Percentage Rate) and Interest Rate
APR (Annual Percentage Rate) vs Interest Rate If you have extra money you can invest it in a financial institution (such as banks and credit unions), building society or government bonds. These institutions reward you (investor) by paying you interest on your investments (or savings). So, your investment will earn money for you. Conversely, when […]
Difference Between Mortgage Protection and Mortgage Insurance
Mortgage Protection vs Mortgage Insurance Even though the two terms sound similar and have similarities in the name, there is a big difference between lenders’ mortgage insurance and mortgage protection insurance. While lender’s mortgage insurance is designed to protect the bank, mortgage protection insurance protects the borrower and the home. Mortgage Protection Insurance Borrower (you) […]